M&A Deal Summary

SOL Global Investments Acquires MCP Wellness

On April 24, 2019, SOL Global Investments acquired consumer products company MCP Wellness from Merida Capital Holdings

Acquisition Highlights
  • This is SOL Global Investments’ 3rd transaction in the Consumer Products sector.
  • This is SOL Global Investments’ 3rd transaction in the United States.
  • This is SOL Global Investments’ 1st transaction in Michigan.

M&A Deal Summary
Date 2019-04-24
Target MCP Wellness
Sector Consumer Products
Buyer(s) SOL Global Investments
Sellers(s) Merida Capital Holdings
Deal Type Divestiture

Target

MCP Wellness

Michigan, United States
MCP Wellness, Inc. is a owns and operates Michigan gully licensed cannabis business. MCP Wellness is based in Michigan.

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Buyer(S) 1

Buyer

SOL Global Investments

Toronto, Ontario, Canada
Category Company
Sector Business Services
DESCRIPTION

SOL Global Investments Corp. is an international investment company with a focus on cannabis and cannabis-related companies in legal U.S. states. SOL Global Investments is based in Toronto, Ontario.

DEAL STATS #
Overall 4 of 7
Sector (Consumer Products) 3 of 4
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 3 of 5
Year (2019) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-02 Sacred

Chicago, Illinois, United States

Sacred is a manufacturer of premium hempseed oil-infused products including pain relief balms and oils, feminine products, massage oils, salt soaks, and personal lubricants.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Frankly Media

New York, New York, United States

Frankly Media is a provider of chat-as-a-service technology platform. Frankly Media provides a complete suite of solutions that give publishers a unified workflow for the creation, management, publishing, and monetization of digital content to any device while maximizing audience value and revenue. Frankly Media was founded in 2013 and is based in New York City.

Buy -

Seller(S) 1

SELLER

Merida Capital Holdings

Category Growth Capital Firm
Founded 2016
PE ASSETS 350M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Merida Capital Partners is a private investment firm focused on acquiring and investing in companies that support the cannabis industry. These include cultivation infrastructure, data and technology services, pharmaceutical development, and medical cultivation. Merida Capital Partners was formed in 2016 and is based in New York, New York.

DEAL STATS #
Overall 2 of 4
Sector (Consumer Products) 1 of 2
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 2 of 4
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-08 BioTrackTHC

Fort Lauderdale, Florida, United States

BioTrackTHC is a provider of cutting-edge seed-to-sale tracking software for the legal cannabis industry. It offers BioTrackTHc commercial system and BioTrackTHC B2B and provides grow house location tracking, inventory, patient management, point-of-sale system, and accounting reporting solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 KushCo

Tustin, California, United States

KushCo provides unique products and services for both businesses and consumers in the cannabis industry. Founded in 2010 as a packaging and supplies company for dispensaries and growers, KushCo has sold more than 100 million units and now regularly services more than 5,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe. The Company has facilities in the three largest U.S. cannabis markets and a local sales presence in every major U.S. cannabis market.

Sell -
Mergr

Product

Company

Legal